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AICPA Governmental Accounting and Auditing Update Conference (GAAC)

Washington, DC

Aug 13 - 15, 2018

Conferences

AICPA Governmental Accounting and Auditing Update Conference (GAAC)

COMPLIANCE | ACCURACY | QUALITY

UPDATES SPECIFIC TO YOUR GOVERNMENT AREA

Our in-depth sessions at this year’s AICPA Governmental Accounting and Auditing Update will target questions and issues specific to your area of expertise, whether at the federal, state or local level.

Attend in Washington or via webcast for updates direct from key government officials and policymakers.

This August, GAAC will provide in-depth technical guidance and strategy updates. Extensive on-site networking opportunities and engagement forums for online attendees, also will connect you with peers, for a consensus-building approach to solving challenges.

Who Should Attend

CPAs working in federal, state and local government; public practitioners with government clients; and regulators who need to be aware of emerging developments.

Attendees may request Yellow Book credits for this conference.
*Auditors must use professional judgment when determining and documenting if these sessions qualify for Yellow Book CPE in accordance with the Government Accountability Office, Government Auditing Standards, December 2011 Revision, and Guidance on GAGAS Requirements for Continuing Professional Education, April 2005, GAO-05-568G.

ATTENDANCE Options

Click View Pricing/Register Now above to choose your options.

Full Main Conference | On-Site
Attend on-site in Washington, DC. Network with peers from around the country. Share insights and perspectives on issues affecting your everyday role. (18 CPE Credits).
Select Item # GAE18

Full Main Conference | Online
Attend online and don’t miss a thing! Skip the travel and attend this conference from your home or office. This option gives you access to the entire main conference sessions. You will have the ability to select your concurrent sessions and build your conference just as if you were on-site. (18 CPE Credits).
Select Item # GAE18-ONLINE

Select 7 | Online
This option allows you to choose any seven (7) sessions from the online conference. (CPE Varies).
Select Item # GAE18PK7

Optional Post-Conference Workshops

Click View Pricing/Register Now above to choose your options.

Workshop Title Date Time Type CPE Credits
Prepping for the Single Audit Certificate Aug 15 8:00AM - 11:35 AM On-Site 4
Professional Skeptisim Aug 15 8:00 AM - 11:35 AM On-Site 4

Discounts

Government Audit Quality Center (GAQC) Members Save an Additional $50.00

If you are a GAQC member, you can save $50.00 off the registration price. Find out more information on the GAQC Website.

Agenda

MONDAY, August 13
7:00 AM - 5:30 PM

Registration

7:00 AM - 8:30 AM

Continental Breakfast & Vendor Display

8:00 AM - 8:05 AM

Welcome & Introduction

8:00 AM - 8:55 AM

KEYNOTE

1. AICPA Professional Update
Field(s) of Study: Specialized Knowledge
Knowledge Level: Update | CPE: 1

Speaker:

 Eric Hansen, CPA, CGMA | COO, BKD, LLP

Eric Hansen will provide an overview of the key forces driving change for the CPA profession today and in the future. He will discuss key AICPA initiatives focused on supporting members in an ever-changing profession.

Prerequisites: None
Advanced Prep: None

8:55 AM - 9:00 AM

Change Break

9:00 AM - 9:50 AM

GENERAL SESSION

2. Trends and Challenges in Government Accountability
Field(s) of Study: Management
Knowledge Level: Basic | CPE: 1

Yellow Book

Speaker:

 Gene Dodaro, Comptroller General, U.S. Government Accountability Office

This session informs audience on GAO’s foresight activities by exploring trends, key uncertainties, and their implications, which can better highlight national issues of greatest concern to the Congress and the American people in the years and decades ahead.

Learning Objectives:

  • Key trends outlined in GAO’s most recent Strategic Plan
  • Accountability challenges and opportunities in a rapidly changing environment

Prerequisites: None
Advanced Prep: None

9:50 AM - 9:55 AM

Change Break

9:55 AM - 10:45 AM

GENERAL SESSION

3. From Brewer to State CEO
Field(s) of Study: Specialized Knowledge
Knowledge Level: Overview | CPE: 1

Speaker:

 Governor John Hickenlooper, State of Colorado

Denver and Colorado have been fortunate to see an incredible economic boom over the past twenty plus years, even growing through the recession. Much of this started with the development of the blighted lower downtown Denver area (LoDo). Governor John Hickenlooper was on the front end of this effort when he started the Wynkoop Brewing Company in 1988. Through various public private partnerships, including bringing major league baseball to town and the development of a major league stadium, the boom began with the reinvigoration of LoDo. From there Mr. Hickenlooper became the Mayor of the City and County of Denver, and then the governor of the State of Colorado. Mr. Hickenlooper will discuss his successes using economic development tactics and public private partnerships.

Prerequisites: None
Advanced Prep: None

10:45 AM - 11:05 AM

Morning Refreshment Break & Vendor Displays

11:05 AM - 12:20 PM

CONCURRENT SESSIONS (Select One)

4. Update of the GAO/CIGIE Financial Audit Manual (FAM)
Field(s) of Study: Auditing (Governmental)]
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
Federal Track

Speakers:

 Anne Sit-Williams, CPA, Assistant Director, Government Accountability Office
 Bobbie Jean Bartz, CPA, Certified Fraud Examiner (CFE), Assistant Director, DOJ OIG

The Government Accountability Office (GAO) and the Council of Inspectors General on Integrity and Efficiency (CIGIE) maintain the Financial Audit Manual (FAM), which presents a methodology to perform financial statement audits of federal entities in accordance with professional standards. The FAM, last updated in 2008, incorporates:

  • the AICPA’s Clarified Auditing Standards
  • GAO’s 2011 Yellow Book, and
  • OMB’s latest federal financial statement audit guidance.

Learning Objectives:

  • Identify the current updates to the FAM’s three volumes:
    • Audit Methodology,
    • Audit Tools, and
    • Checklists.
  • Recognize the process by which the FAM was updated.
  • Recall the standards and guidance changes that impacted the update to the FAM.
  • Indicate the key changes to the FAM.

Prerequisites: None
Advanced Prep: None

5. Internal controls in a Single Audit- What Could Go Wrong
Field(s) of Study: Auditing (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
Single Audit
State and Local Track

Speakers:

 Kimberly K. McCormick, CPA, Partner, Grant Thornton LLP
 Amanda Ward, CPA, Senior Audit Manager, Plante & Moran, PLLC

Identifying and testing internal controls is one of the more challenging areas of auditing major programs. This session will focus on common areas of challenge and provide guidance on enhancing audit strategies.

Learning Objectives:

  • Identify common areas of challenge when testing internal control over major programs.
  • Choose control objectives over compliance with identifying associated operating controls.

Prerequisites: None
Advanced Prep: None

6. Single Audit Update
Field(s) of Study: Auditing (Governmental)
Knowledge Level: Advanced | CPE: 1.5

Yellow Book
Single Audit
State and Local Track

Speakers:

 Mary Foelster, CPA, Senior Director Governmental Accounting & Auditing, AICPA
 George Strudgeon, CGMA, CPA, CGFM, Audit Director, Virginia Auditor of Public Accounts
 Erica Forhan, CPA, Partner, Moss Adams LLP

This session will cover single audit developments that occurred over the last year and also, look at the future of single audits. Auditors from firms and state audit organizations will be represented.

Learning Objectives:

  • Evaluate what is in the 2018 “skinny” Compliance Supplement and how to use it.
  • Interpret the latest quality issues noted in single audit quality reviews.
  • Examine best practices when dealing with a client’s Corrective Action Plan.
  • Predict future single audit developments such as a new Data Collection Form, future quality studies, and the recent federal grants-oriented cross-agency priority goals.

Prerequisites: None
Advanced Prep: None

12:20 PM - 1:20 PM

Lunch and Presentation of the Outstanding CPA in Government Award

1:20 PM - 2:35 PM

CONCURRENT SESSIONS (Select One)

7. Federal Audit Executive Council (FAEC) IT Committee’s FISMA Update
Field(s) of Study: Auditing (Governmental); Information Technology
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
Federal Track

Speakers:

 Khalid Hasan, Senior IT Audit Manager, Federal Reserve Board
 Peter Sheridan, Assistant Inspector General, Federal Reserve Board

Will provide an overview of the evolution of the Inspector General Federal Information Security Modernization Act of 2014 (FISMA) reporting metrics. Topics include the move from compliance to effectiveness, use of a maturity model to evaluate the effectiveness of Federal information security programs, and alignment with the NIST Cybersecurity Framework and other best practice frameworks.

Learning Objectives:

  • Determine how maturity model based reviews enable auditors to conclude on effectiveness of information security programs.
  • Compare the areas covered in Inspector General FISMA reviews and how these areas relate to the NIST Cybersecurity Framework and other best practice frameworks.

Prerequisites: None
Advanced Prep: None

8. Lightening Round of Recently Issued GASB Guidance
Field(s) of Study: Accounting (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speakers:

 Melisa Galasso, CPA, CGMA, Director, Audit Professional Practices, Cherry Bekaert LLP
 Frank Crawford, CPA, President, Crawford & Associates, P.C.
 Anita Supinski, CPA, Principal, CliftonLarsonAllen

This course will provide an executive overview of a variety of GASB Statements that have been issued. We'll cover the topics not addressed elsewhere in standalone sessions including tax abatements, split interest agreements, asset retirement obligations, the omnibus statement, debt extinguishment and debt disclosures. We'll also look at implementation issues that have been experienced that practitioners need to be aware of. This interactive session will include polling. We'll close the session with some thoughts on what to expect from the financial reporting model as well as revenue recognition projects.

Learning Objectives:

  • List recently issued GASB Statements.
  • Describe the impact of recently issued GASB statements on the financial statements of governmental entities.

Prerequisites: None
Advanced Prep: None

9. OPEB - The Time is Now!
Field(s) of Study: Accounting (Governmental); Auditing (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speaker:

 Corey Arvizu, CPA, Partner, Heinfeld, Meech & Co.

GASB Statement No. 75 is effective for fiscal years beginning after June 15, 2017. This session will provide a discussion of implementation issues surrounding the accounting and auditing for other postemployment benefits (OPEB) that you need to be aware of in this year of implementation. We will discuss:

  • How the accounting for OPEB differs from pensions
  • The appropriate treatment for OPEB when it is administered through a trust, versus when it is not administered through a trust
  • The role of the actuary and related audit issues
  • Auditing considerations from the employer auditor's perspective

Learning Objectives:

  • Identify appropriate accountng treatment for OPEB.
  • Analyze the audit implications of OPEB and how it differs from pensions.

Prerequisites: None
Advanced Prep: None

2:35 PM - 2:55 PM

Afternoon Refreshment Break & Vendor Displays

2:55 PM - 4:10 PM

CONCURRENT SESSIONS (Select One)

10. Unconscious Bias
Field(s) of Study: Behavioral Ethics
Knowledge Level: Basic | CPE: 1.5

Federal Track

Speaker:

 Suri Surinder, CEO, CTR Factor

Many industry professions value and leverage pattern recognition and informed judgment based on limited information. While this is a huge strength for many leaders, managers and employees, it could also lead to unconscious biases in our decision making when it comes to day to day issues like hiring, mentoring, promoting, staffing, developing people, and engaging with clients. Through an engaging mix of insights, exercises, illustrations, activities, polls, and videos, this session will enable participants to understand, identify, and manage their unconscious biases. Session participants leave with specific strategies and tactics that they can deploy in their day to day work to maximize intuitive strengths and minimize unintended fallout.

Learning Objectives:

  • UNDERSTAND (the definition of bias, scope of bias, domains of bias, strength of bias, sources of bias, reasons for bias, areas of bias and impact of bias. (Help me in the heart)
  • IDENTIFY attentional bias, diagnosis bias, pattern recognition bias, value attribution bias, confirmation bias, priming bias, value attribution assessment and diagnosis bias assessment. (Look me in the brain)
  • MANAGE cognitive processing, constructive uncertainty, data-driven debunking, objective decisioning, thought diversity harnessing, immersive diversity, micro-affirmations

Prerequisites: None
Advanced Prep: None

11. New Yellow Book
Field(s) of Study: Auditing (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speakers:

 James R. Dalkin, CPA, CGMA, Director, Financial Management and Assurance Team, GAO
 Amanda Nelson, CPA, Partner, KPMG

This session will provide a detail of the significant changes in the revised Yellow Book. Changes in independence, performance audits, peer reviews and financial audits completed under Generally Accepted Government Auditing Standards will be discussed.

Learning Objectives:

  • Identify significant changes in Generally Accepted Government Auditing Standards (GAGAS)
  • Select an approach to address new GAGAS independence requirements on GAGAS audits
  • Determine how performance audits have changed to incorporate internal control procedures

Prerequisites: None
Advanced Prep: None

12. Common Reporting Problems
Field(s) of Study: Accounting (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speakers:

 Frank Crawford, CPA, President, Crawford & Associates, P.C.
 Michele Levine, CPA, CGMA, Director, Technical Services Center, Government Finance Officers Association

In this session GFOA's Technical Services Center Director will discuss reporting deficiencies that are commonly seen in CAFRs submitted to GFOA's Certificate of Achievement for Excellence in Financial Reporting Program and make suggestions of how they may be identified and avoided by financial statement preparers and their auditors.

Learning Objectives:

  • Identify common reporting deficiencies.
  • Identify the underlying technical issues that give rise to deficiencies.

Prerequisites: None
Advanced Prep: None

4:20 PM - 5:35 PM

Change Break

4:20 PM - 5:35 PM

CONCURRENT SESSIONS (Select One)

13. OMB Update on Improper Payment Reporting and Enterprise Risk Management - Where Are We Now?
Field(s) of Study: Accounting (Governmental)
Knowledge Level: Update | CPE: 1.5

Federal Track

Speakers:

 Heather Pajak, Senior Policy Analyst, OMB
 Daniel Kaneshiro, MPA, Senior Policy Analyst, Office of Management and Budget

Join senior leaders from OMB as they discuss Improper Payments and ERM. Participants in this session will gain insight about the current improper payments and ERM landscape and learn about requirements for FY 2018 and beyond.

Learning Objectives:

  • Identify current improper payments within the ERM landscape.
  • Indicate requirements for FY 2018 and beyond.

Prerequisites: None
Advanced Prep: None

14. Do I Really Need to Put That in Writing?
Field(s) of Study: Accounting (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speaker:

 Amanda Ward, CPA, Senior Audit Manager, Plante & Moran, PLLC
 Jana L. Dean, CPA, CIA, Chief Financial Officer, Plante & Moran, PLLC

Are you struggling to determine which written policies and procedures are required under the Uniform Grant Guidance? Are program and fiscal staff pointing their fingers at each other, wondering who will address these requirements? Perhaps you are struggling with the difference between a policy and a procedure.

Learning Objectives:

  • Determine best practices for writing grants policies and procedures.
  • Choose practical tools and templates to use back at your office.

Prerequisites: None
Advanced Prep: None

15. OPEB - The Time is Now!
Field(s) of Study: Accounting (Governmental); Auditing (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speaker:

 Corey Arvizu, CPA, Partner, Heinfeld, Meech & Co.

GASB Statement No. 75 is effective for fiscal years beginning after June 15, 2017. This session will provide a discussion of implementation issues surrounding the accounting and auditing for other postemployment benefits (OPEB) that you need to be aware of in this year of implementation. We will discuss:

  • How the accounting for OPEB differs from pensions
  • The appropriate treatment for OPEB when it is administered through a trust, versus when it is not administered through a trust
  • The role of the actuary and related audit issues
  • Auditing considerations from the employer auditor's perspective

Learning Objectives:

  • Identify appropriate accountng treatment for OPEB.
  • Analyze the audit implications of OPEB and how it differs from pensions.

Prerequisites: None
Advanced Prep: None

5:35 PM - 6:30 PM

Welcome Reception

TUESDAY, August 14
7:00 AM - 5:15 PM

Registration

6:30 AM - 8:15 AM

Continental Breakfast & Vendor Display

7:00 AM - 7:50 AM

EARLY RISERS

16. Why Performance Audits?
Field(s) of Study: Auditing (Governmental)
Knowledge Level: Intermediate | CPE: 1

Yellow Book
State & Local Track

Speakers:

 Emily Hoffman, CPA, CGMA, PSA, Director, Mercadien, P.C. Certified Public Accountants
 Richard Hoyt, MST/CPM, Senior Consultant, Mercadien, P.C. Certified Public Accountants

Overview of key concepts and principals of performance audits conducted in accordance with Government Auditing Standards (GAS).

  • Discuss why performance audits are relevant including how clients and government entities can benefit from performance audits
  • Practical considerations of the performance audit process in accordance with GAS including planning, fieldwork and reporting
  • Common types of performance audits including examples from our team

Learning Objectives:

  • Determine the uses and benefits of performance audits in accordance with GAS.
  • Apply practical considerations of conducting performance audits.

Prerequisites: None
Advanced Prep: None

17. Ethics - New Standard
Field(s) of Study: Behavioral Ethics
Knowledge Level: Intermediate | CPE: 1

Yellow Book
State & Local Track

Speaker:

 Nancy Miller, CPA, CGMA, Director, KPMG

Analysis of the proposed AICPA independence interpretation on SLG affiliates – entities related to the audit client where independence may be required. The session contrasts the requirements of exposure draft revising the interpretation to the current independence interpretation.

Learning Objectives:

  • Differentiate the requirements of the proposed interpretation with the current interpretation.
  • Apply the proposed interpretation when evaluating independence for their audit clients.

Prerequisites: None
Advanced Prep: None

7:50 AM - 8:00 AM

Change Break

8:00 AM - 8:10 AM

Morning Announcements & Introduction

8:10 AM - 9:25 AM

GENERAL SESSION

18. Cybersecurity: Governance, Threats and Risk Management
Field(s) of Study: Information Technology
Knowledge Level: Overview | CPE: 1.5

Yellow Book

Speaker:

 Steven Ursillo, Jr., CPA, CGMA, CITP, Partner, Cherry Bekaert, LLP

As new cybersecurity threats continue to emerge, the ongoing challenges around proper risk mitigation remain a dynamic obstacle for both organizational leadership and individual users. Understanding and anticipating both technical and non-technical threats are key to managing the risks associated with a breach of confidential data. Other topics will include:

  • InfoSec governance
  • current cybersecurity threats/risks/mitigation tactics
  • cloud/vendor/third-party risk management strategies
  • Incident response and breach notification

Learning Objectives:

  • Recognize the latest cybersecurity threat landscape
  • Identify current risks and challenges that professionals face in collecting, storing, processing and safeguarding sensitive information.

Prerequisites: None
Advanced Prep: None

9:25 AM - 9:35 AM

Change Break

9:35 AM - 10:25 AM

GENERAL SESSION

19. Auditing Standards Update
Field(s) of Study: Auditing (Governmental)
Knowledge Level: Update | CPE: 1

Yellow Book

Speaker:

 James R. Dalkin, CPA, CGMA, Director, Financial Management and Assurance Team, GAO
 Mike Santay, CPA, ASB Chair, Grant Thornton LLP

This session provides an update on Government Auditing Standards (GAS) contained in the GAO's Yellow Book and the US Auditing Standards set forth by the US Auditing Standards Board (ASB).

Learning Objectives:

  • Recall upcoming standard changes generated from the revised Yellow Book.
  • Identify changes in the US Auditing Standards and related guidance.

Prerequisites: None
Advanced Prep: None

10:25 AM - 10:45 AM

Morning Refreshment Break & Vendor Displays

10:45 AM - 12:00 PM

CONCURRENT SESSIONS (Select One)

20. Intersection of Data Analytics with Green Book & ERM Guidance (FRDA)
Knowledge Level: Intermediate | CPE: 1.5

Federal Track

Speaker:

 Douglas Glenn

Session description coming soon.

21. Lightening Round of Recently Issued GASB Guidance
Field(s) of Study: Accounting (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speaker:

 Melisa Galasso, CPA, CGMA, Director, Audit Professional Practices, Cherry Bekaert LLP
 Frank Crawford, CPA, President, Crawford & Associates, P.C.
 Anita Supinski, CPA, Principal, CliftonLarsonAllen

This course will provide an executive overview of a variety of GASB Statements that have been issued. We'll cover the topics not addressed elsewhere in standalone sessions including tax abatements, split interest agreements, asset retirement obligations, the omnibus statement, debt extinguishment and debt disclosures. We'll also look at implementation issues that have been experienced that practitioners need to be aware of. This interactive session will include polling. We'll close the session with some thoughts on what to expect from the financial reporting model as well as revenue recognition projects.

Learning Objectives:

  • List recently issued GASB Statements.
  • Describe the impact of recently issued GASB statements on the financial statements of governmental entities.

Prerequisites: None
Advanced Prep: None

22. GASB Update
Field(s) of Study: Accounting (Governmental)
Knowledge Level: Update | CPE: 1.5

Yellow Book
State & Local Track

Speaker:

 David Bean, CPA, Director of Research and Technical Activities, Governmental Accounting Standards Board (GASB)

This session will address recently issued GASB Statements and Implementation Guides, focusing on pronouncements that are not being covered in other sessions, and major projects and research activities on the GASB’s technical agenda. Topics to be covered include pension, retiree healthcare, and tax abatement implementation issues; the financial reporting model; and revenue and expense recognition.

Learning Objectives:

  • Identify changes introduced by recently issued pronouncements, including implementation issues.
  • Recognize the potential impact of GASB projects and research activities.

Prerequisites: None
Advanced Prep: None

12:00 PM - 1:00 PM

Lunch

1:00 PM - 2:15 PM

CONCURRENT SESSIONS (Select One)

23. FASAB Panel
Field(s) of Study: Accounting (Governmental)
Knowledge Level: Overview | CPE: 1.5

Yellow Book
Federal Track

Speaker:

 Ross Simms, CPA, CGMA, Assistant Director, FASAB
 Monica Valentine, CPA, Assistant Director, FASAB
 Grace Wu, CPA, CGMA, Assistant Director, FASAB

Learn about the Federal Accounting Standards Advisory Board’s (FASAB) latest accounting standards, proposed standards, and major projects. FASAB has issued several new Statements of Federal Financial Accounting Standards (SFFAS) and proposed SFFAS during the year. Participants will hear an overview and discussion of these topics:

  • new standards for reporting leases,
  • the new budget and accrual reconciliation,
  • efforts to improve disclosures and other required information,
  • evolving concepts for federal financial reporting,
  • proposals regarding reporting on federal land,
  • new guidance related to the Department of Defense’s implementation efforts, and
  • progress on reporting risks assumed by the federal government.

Learning Objectives:

  • Recall the issues the Federal Accounting Standards Advisory Board views as a priority in the near term and why.
  • Recognize newly issued standards.
  • Recall tentative decisions of the Board on key projects.
  • Identify emerging issues.

Prerequisites: None
Advanced Prep: None

24. Data Analytics
Field(s) of Study: Auditing (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speaker:

 Kevin Smith

We explore the use of data analytics that can be used to perform various audit procedures including elements of risk assessments, tests of controls, substantive procedures, or concluding audit procedures.

Learning Objectives:

  • Apply guidance included in the recently issued AICPA Guide to Audit Data Analytics to your audits.
  • Determine how these techniques could be used in the state & local government industry.

Prerequisites: None
Advanced Prep: None

25. Tax Impact on Government
Field(s) of Study: Taxes
Knowledge Level: Intermediate | CPE: 1.5

State & Local Track

Speaker:

 Eileen Sherr, CPA, CGMA, M.T., Senior Manager - Tax Policy & Advocacy, AICPA
 Cathie Stanton

The session will focus on the state tax impact and implications of the new federal tax law.

Learning Objectives:

  • Identify the issues that states will be addressing over the next year in operations, and state revenue and budget needs, as a result of the new federal tax law.
  • Analyze the states' conformity and decoupling of specific provisions in the tax law.
  • Differentiate the responses of various states to the new federal tax law.

Prerequisites: None
Advanced Prep: None

2:15 PM - 2:35 PM

Afternoon Refreshment Break & Vendor Displays

2:35 PM - 3:50 PM

CONCURRENT SESSIONS (Select One)

26. Panel Discussion on Internal Controls
Knowledge Level: Basic | CPE: 1.5

Yellow Book
Federal Track

Speaker:

 Susie Dossie
 Jeffrey Bobich

Session description coming soon

27. Leases
Field(s) of Study: Accounting (Governmental); Auditing (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speaker:

 Heather Acker, CPA, Partner, Baker Tilly Virchow Krause, LLP
 David Bean, CPA, Director of Research and Technical Activities, Governmental Accounting Standards Board (GASB)

This session will explore the changes to accounting and financial reporting for leases introduced by GASB Statement No. 87, Leases, and the auditing implications associated with those changes. Topics to be covered include identifying the term of a lease; how and when to bifurcate contracts with multiple components and contract combinations; and lessee and lessor accounting and financial reporting requirements.

Learning Objectives:

  • Determine how to apply lessee and lessor measurement and recognition requirements.
  • Analzye the audit implications associated the financial reporting changes for leases.

Prerequisites: None
Advanced Prep: None

28. Single Audit Update
Field(s) of Study: Auditing (Governmental)
Knowledge Level: Advanced | CPE: 1.5

Yellow Book
Single Audit
State & Local Track

Speaker:

 Mary Foelster
 George Strudgeon, CGMA, CPA, CGFM, Audit Director, Virginia Auditor of Public Accounts
 Erica Forhan, CPA, Partner, Moss Adams LLP

This session will cover single audit developments that occurred over the last year and also, look at the future of singles audits. Auditors from firms and state audit organizations will be represented.

Learning Objectives:

  • Evaluate what is in the 2018 “skinny” Compliance Supplement and how to use it.
  • Interpret the latest quality issues noted in single audit quality reviews.
  • Examine best practices when dealing with a client’s Corrective Action Plan.
  • Predict future single audit developments such as a new Data Collection Form, future quality studies, and the recent federal grants-oriented cross-agency priority goal.

Prerequisites: None
Advanced Prep: None

3:50 PM - 4:00 PM

Change Break

4:00 PM - 5:15 PM

CONCURRENT SESSIONS (Select One)

29. Critical Thinking & Decision Making
Field(s) of Study: Personal Development
Knowledge Level: Basic | CPE: 1.5

Yellow Book
Federal Track

Speaker:

 Michael Kallet, CEO, Headscratchers

Thinking is the foundation for everything that everyone does. Critical thinking is a method to improve that thinking, resulting in higher quality decisions and numerous other benefits. This session will provide an overview of what critical thinking is, why it's so important, and some of the tools and techniques that can be immediately applied.

Learning Objectives:

  • Identify what is critical thinking and its value in the workplace.
  • Recall a set of core critical thinking tools.
  • Select the thinking tools to immediately apply them in your work.

Prerequisites: None
Advanced Prep: None

30. Fiduciary Activities
Field(s) of Study: Auditing (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speaker:

 David Bean, CPA, Director of Research and Technical Activities, Governmental Accounting Standards Board (GASB)
 Heather Acker, CPA, Partner, Baker Tilly Virchow Krause, LLP

This session will focus on implementation and auditing issues associated with GASB Statement No. 84, Fiduciary Activities. Topics to be addressed include identifying a fiduciary activity, including fiduciary component units; classification of fiduciary activities; and reporting requirements, including additions and deductions of custodial funds.

Learning Objectives:

  • Determine how to identify and classify fiduciary activities.
  • Analyze the audit implications associated with the financial reporting changes for fiduciary activities.

Prerequisites: None
Advanced Prep: None

31. Common Misconceptions in Deficiencies with Single Audits (EAQ session)
Field(s) of Study: Auditing (Governmental)
Knowledge Level: Intermediate | CPE: 1.5

Yellow Book
State & Local Track

Speaker:

 Erica Forhan, CPA, Partner, Moss Adams LLP
 Corey Arvizu, CPA, Partner, Heinfeld, Meech & Co.

The AICPA Peer Review Program’s recent study of single audit quality gives insight into the types of problems found and what factors correlated to higher-quality single audits. If your firm or state audit organization (SAO) conducts single audits, you should take advantage of this opportunity to learn more about the types of problems found and what factors led to the highest quality single audits. Specific topics to be discussed include:

  • The single audit quality factors that correlated to quality;
  • Common misconceptions and areas of non-conformity identified; and
  • Steps firms and SAOs can take to strengthen their single audit quality

Learning Objectives:

  • Identify factors that correlate to single audit quality
  • Analyze insights into the most common areas of non-conformity found in the single audits studied.

Prerequisites: None
Advanced Prep: None

WEDNESDAY, August 15
8:00 AM - 12:00 PM

Registration and Information Center Open

8:00 AM - 11:35 AM

POST CONFERENCE OPTIONAL WORKSHOPS (Select One)

301. Prepping for the Single Audit Certificate
Field(s) of Study: Auditing (Governmental) | CPE Credits: 4
Knowledge Level: Basic

Yellow Book
Single Audit

Speaker:

 Melisa Galasso, CPA, CGMA, Partner, Director, Audit Professional Practices, Cherry Bekaert LLP
 John Good, CPA, Executive Director, Ernst & Young

This course is designed to walk through the content to help prepare you for the Single Audit Certificate. It will include case studies to demonstrate the materials to best prepare you to successfully receive your digital badge. Major topics include internal controls over compliance, major program determination and reporting.

After attendees attend this session they will be able to:

  • Describe the process for performing major program determination
  • Document proper internal controls over compliance

Prerequisites: None
Advanced Prep: None

302. Professional Skepticism: The Art & Science of Being Columbo
Field(s) of Study: Personal Development | CPE Credits: 4
Knowledge Level: Basic

Yellow Book

Speaker:

 Suri Surinder, CEO, CTR Factor

This course is designed to walk through the content to help prepare you for the Single Audit Certificate. It will include case studies to demonstrate the materials to best prepare you to successfully receive your digital badge. Major topics include internal controls over compliance, major program determination and reporting.

After attendees attend this session they will be able to:

  • Describe the process for performing major program determination
  • Document proper internal controls over compliance

Prerequisites: None
Advanced Prep: None

Group Sales Savings

Create learning retreats for your team!

Groups of 2-9 can receive significant savings when registering for one conference. Contact AICPA customer service team to learn more: 888.777.7077.

10+ conference registrations each year qualify for significant savings. The benefits don’t stop there! You will receive invoicing before or after the event. For more information or guidance through the registration process, contact your conference group sales representative, Corinne Alford at Corinne.Alford@aicpa-cima.com.

Travel & Accommodations

LOCATION:

The Washington Hilton
1919 Connecticut Ave NW,
Washington, DC 20009

Hotel Information

Group Rate: $199 single/double
Cutoff Date: July 13th, 2018

Phone: 1-800-445-8667 (reference AICPA GAAC 2018)
Online Reservations

DRESS CODE:
Business Casual

Online Conference System Requirements

Attending Online is easy! Check the System Requirements below and install Adobe Flash if you haven't already, then visit this demo page once you're ready to check for compatibility.

NOTE: For sessions that are audio-only, you use the same player and have the experience as the above demo page, but there will be a static image in place of the video stream.

  • Adobe Flash plugin (Click on link to install) http://get.adobe.com/flashplayer/
  • Supported Browsers: Internet Explorer 8 or Higher, Firefox, Chrome, Safari
  • Computer with Speakers / Headset
  • High speed internet connection

Cancellation Policy

On-Site Conference: You may cancel without penalty if cancellation request is received up to and including 45 days prior to the start of the conference. Due to financial obligations incurred by the AICPA, a credit less 50% of the registration fee will be issued for requests received up to and including 21 days prior to the start of the conference. No refunds or credits will be issued on cancellation requests received less than 21 days prior to the start of the event.

Online Conference: You may cancel and receive a refund if cancellation request is received up to and including 15 days prior to the start of the conference. You can cancel and receive a 100% credit if your registration is canceled within 7 days of the start of the conference. Due to financial obligations incurred by the AICPA, a 60% credit will be issued for requests received up to the day prior to the start of the conference. No refunds or credits will be issued on cancellation requests received once the online conference begins.

For more information about AICPA's conference cancellation policy, contact the AICPA Service Center at 1-888-777-7077 or service@aicpa.org.